OpenText prices $300M tender offer for 3.875% senior notes due 2028, plans redemption with new notes proceeds.

OpenText Corporation announced the pricing and results of its $300 million tender offer to buy back its 3.875% Senior Notes due 2028. The company received valid tenders exceeding the maximum amount and will accept $300 million worth of bonds, paying $981.71 per $1,000 principal plus accrued interest. The tender offer is expected to settle on October 2, 2026, funded by proceeds from a concurrent senior secured notes offering and cash on hand. This move aims to refinance debt by redeeming higher-interest 6.9% Senior Secured Notes due 2027, improving OpenText's debt profile and potentially lowering interest costs.

OpenText Corporation shares are trading at USD 22.41 on Pluang as of October 1, 2026, showing a modest 0.45% increase in one day. The company holds a market capitalization of $5.41 billion on the platform. Investors typically hold OpenText stock for about 22 days, with a dividend yield of 5.02%, reflecting steady interest despite recent debt refinancing moves.